Gold rises 2.3%, extends gains after Trump announces Iran ceasefire pause

April 8, 2026

Gold prices surged Wednesday as President Trump announced a two-week pause in attacks on Iran, easing inflation fears. Spot gold climbed significantly, with futures also seeing gains. This diplomatic development, brokered by Pakistan, opens the door for negotiations. Key price levels for gold and silver are being closely watched by traders.

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Positive Breakout: These 11 stocks cross above their 200 DMAs

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